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Apr 23, 2013
04/13
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CNBC
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the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk. they didn't know their plane would not take off until the doors were closed and we were wheels up in 15 minute, they thought was the maximum and the pilot comes back and says listen, we can't land. they don't have enough people to land us in kennedy. >> thank you for the tweets on that because honestly and we were glad you brought it to our attention. thank you very much. >> our guest host this morning is henry blodget. he has thoughts on there as well. squawk will be right back. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in ac
the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk....
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Apr 24, 2013
04/13
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. >>> the fight over faa cut backs is heating up in washington. as ktvu kyla campbell reports from our washington, d.c. newsroom lawmakers are pointing fingers. kyla. >> reporter: pam, some california airports especially lax has seen numerous delays this week but some republican senators say the faa furloughs and resulting flight delays are a manufactured crisis. the faa reported more than 1600 flight delays sunday and monday due specifically to staffing reductions. i just heard back from my faa contact to get the latest numbers of delays for tuesday and she expects those by 8:00 a.m. pacific. some o on the airline cannot -- weather and other factors play a role. lawmakers accuse the faa of not telling them the whole story last week. >> there were many options that the faa itself and the department of transportation as a whole has to avoid this impact. >> other republicans say the white house wanted these faa cuts to impact people nation- wide. i'll explain why when i see you next. live in washington, kyla campbell ktvu channel 2 news. >>> at a de
. >>> the fight over faa cut backs is heating up in washington. as ktvu kyla campbell reports from our washington, d.c. newsroom lawmakers are pointing fingers. kyla. >> reporter: pam, some california airports especially lax has seen numerous delays this week but some republican senators say the faa furloughs and resulting flight delays are a manufactured crisis. the faa reported more than 1600 flight delays sunday and monday due specifically to staffing reductions. i just heard...
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Apr 22, 2013
04/13
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FBC
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there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very well because they can rely on their constituent groups, airlines and airport operators to run to congress in an attempt to put pressure on them to throw more money at the problem. >> so we have about a dozen flight delays here out of national airport, many of them going into new york area airports. it is tough to differentiate whether it is a problem with air traffic control or flying system you will get delays. you can't go into this assuming before sequestration and furloughs there were no delays at any airport. trying to figure out what the exact impact is rather difficult. however the airline industry said is co
there is real question as to whether or not the faa actually has a choice. >> the faa unlike other agencies is personnel heavy and, in the end you can not avoid, when 70% of your budget of your operating budget is personnel, you can not avoid when the cuts are as deep as they are in the sequester the kind of actions that are taken, these furloughs. that is an unfortunate fact of arbitrary, across-the-board cuts like this. >> the faa is playing politics and something they do very...
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Apr 19, 2013
04/13
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FBC
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of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing suspects were living in cambridge, they are of chechen decent, under massive pressure after photos revealed yesterday, by fbi, killed an m.i.t. campus officer, then carjacked a mercedes suv overnight, police in hot pursuit chased them to watewatertown, a deafening gunft overnight ensued. shattering a neighborhood, listen to this. [ sound of gunfire ] dogs barking neighbors running people cowering in homes one of suspects 26-year-old tamerlan tsarnaev was killed his brother dzhokhar still on the loose, we'll keep up a split screen or depending on what is happening a big/little. we'll break in with any n
of air traffic controllerring told to stay home, control tower closed because of sequestration and faa chief said expect delays if you are flying this weekend. investors and markets try to work through the massive news flow, we watch every move, count down to the closing bell starts right now. liz: good afternoon i am liz claman, we want to get you latest and effort that led to what happening right now in boston bombing investigation. these two brothers now identified as marathon bombing...
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Apr 23, 2013
04/13
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they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition to some security concerns, of course, from the furlough, how this is going to impact airlines and the broader economy is a big issue. southwest estimates the cost could be $200 million a year for that airline. american, of course, a bigger airline saying that it could cost them $650 million a year. carl, a couple of caveats to think about. of course weather could be the biggest reason you see flight delays. we had windy conditions here in new york city. everybody was willing to point the finger at the sequester. the other issue, of course, is the fact that you have different
they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition...
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Apr 24, 2013
04/13
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we expect to hear from the head of the faa any minute. we'll get the latest reaction when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> newly-released documents show the obama administration has known for years about financial problems at fisker auto mowive in an time -- auto motive in anaheim. the electric carmaker was sent a letter saying they were not meeting the milestones set up as a condition of getting the loan. it took another leer for the federal government to cut -- year for the federal government to cut off their funding. a hearing is being held about the loan to that troubled automaker. >>> the house of representatives will vote today on a republican plan to provide more funding to cover people with preexisting conditions under president obama's healthcare reform. starting next year, the act will ban insurance companies not accepting those with preexisting conditions. the republicans want to divert $4 billion from a prevention program in the healthcare reform plan. but democrats and the white
we expect to hear from the head of the faa any minute. we'll get the latest reaction when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> newly-released documents show the obama administration has known for years about financial problems at fisker auto mowive in an time -- auto motive in anaheim. the electric carmaker was sent a letter saying they were not meeting the milestones set up as a condition of getting the loan. it took another leer for the...
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Apr 23, 2013
04/13
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we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer flights and furloughing workers to make life hard. what's that about? >> these are the priorities of government. and they would be absurd if they weren't just outrageous. they whose -- faa chose to prioritize air safety and passenger service, chose inflict as much political pain as possible on the traveling public. they have the money. as you pointed out. and they have a lot less, what i would say, frivolous spending on conferences, consultants, supplies, that they could be, frankly, prioritizing for -- another thing is, a year-and-a-half. since the sequester law became law to se
we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer...
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Apr 24, 2013
04/13
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KPIX
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airlines and congress members are pressuring the faa to find other ways to cut spending. i think we all agree we like smooth air travel. >> pack your patience as they say. ashley morrison in new york. thank you, ashley. >>> coming up on the "morning news," near miss. a police officer saved a man from being flattened by an oncoming train. >>> and waiting game. swollen rivers threaten disastrous flooding in the midwest. this is the "cbs morning news." n the midwest. this is the kreb kreb. "cbs morning news." espresso to match my every mood. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is made at home. and where i can have exactly what i desire. ♪ nespresso. what else? [ male announcer ] osteo bi-flex helps revitalize your joints to keep 'em jumpin'.° like calcium supplements can help your bones, osteo bi-flex can help your joints. osteo bi-flex... now available in all major retailers and warehouse clubs. for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermo
airlines and congress members are pressuring the faa to find other ways to cut spending. i think we all agree we like smooth air travel. >> pack your patience as they say. ashley morrison in new york. thank you, ashley. >>> coming up on the "morning news," near miss. a police officer saved a man from being flattened by an oncoming train. >>> and waiting game. swollen rivers threaten disastrous flooding in the midwest. this is the "cbs morning news." n...
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Apr 23, 2013
04/13
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"faa has flexibility to cut costs without delaying air travelers. why won't president obama let them?" same hash tag. and bringing up the rear came house majority leader, eric cantor. "why is president obama unnecessarily delaying your flights?" same hash
"faa has flexibility to cut costs without delaying air travelers. why won't president obama let them?" same hash tag. and bringing up the rear came house majority leader, eric cantor. "why is president obama unnecessarily delaying your flights?" same hash
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Apr 24, 2013
04/13
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one, the faa is going to lift the grounding. it's going to happen very soon. and once that happens, then you're going to see these fixes when they're finished. the airlines will start putting the dream liners back in the air, deliveries will return. and you don't see a change in the delivery schedule. that's one thing, and the other thing to keep in mind, the 737 program is the bread and butter at this company. and they've been increasing their production rate on a steady basis. that's really the workhorse at this company. and the 737 is on fire right now. doesn't get any attention because everybody looks at it and says, that's kind of mundane, but it really has been doing well. >> there's got to be another expression, phil. with the battery issue and all that stuff. doing really well the 737s, right? >> doing very well. >> there you go. >> i'm looking through -- it's secondary compared to the commercial airline stuff. but the defense, space and security there were questions about whether or not that might be impacted by sequester. one analyst said it may shav
one, the faa is going to lift the grounding. it's going to happen very soon. and once that happens, then you're going to see these fixes when they're finished. the airlines will start putting the dream liners back in the air, deliveries will return. and you don't see a change in the delivery schedule. that's one thing, and the other thing to keep in mind, the 737 program is the bread and butter at this company. and they've been increasing their production rate on a steady basis. that's really...
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Apr 22, 2013
04/13
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>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >> and the question is, if you're waking up this morning, you have a choice of which airport you're going to, he's going to laguardia, maybe, new york or jfk. >> give me some advice. >> what do you do? we're trying to get him into teet teeterboro. mike? >> any airport is going to get gummed up. >> it doesn't matter? >> no. look, your delay out of laguardia means you're going to miss your connection in chicago. so it's a whole system. omaha is going to get hit, lincoln is going to get hit, everybody is going to get hi it. >> but to be fair, we
>> this is faa, not tsa. but la hood knows all he has to do is say, that's the way it is, it's terrible. most people buy it. are you going to argue with this guy? you should. most people say, sequestration is terrible. we don't have enough money. when you look beyond it, and is we have to look beyond it, labor unions are, the organizations that represent airlines do. they'll all be on it. >> mike, real quick. gary, you're taking a trip today? i do have to fly today, yes. >>...
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Apr 23, 2013
04/13
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airports on monday as the faa began imposing furloughs of air traffic controls. but the widespread traffic never really materialized. flight aware.com says only about 150 flights were canceled. and is while some people waited nearly two hours to take off, delays were much shorter on average. let's get more now from aviation industry consultant ray. ray, good to see you. this isn't just a story about monday, is it? the real question is what happens as these furloughs continue to play out? >> yes. it's going to take at least a couple of days before we see the full impact of these budget cuts. >> talk a little bit about what's coming down the pike. it's pretty significant, to some extent. >> it is. and i think this puts forward a good argument on why the faa should be a public corporation in the u.s. with its own budget to get away from some of the politics of washington. this is a mandatory type of function that the airlines do need and is it's going to be very costly to the airlines, i believe, if this situation continues to move into the higher travel season. >>
airports on monday as the faa began imposing furloughs of air traffic controls. but the widespread traffic never really materialized. flight aware.com says only about 150 flights were canceled. and is while some people waited nearly two hours to take off, delays were much shorter on average. let's get more now from aviation industry consultant ray. ray, good to see you. this isn't just a story about monday, is it? the real question is what happens as these furloughs continue to play out?...
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Apr 22, 2013
04/13
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we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs. business and leisure travellers we talked to earlier today agree. >> traveling is stressful enough and when you don't know how long it's going to take you to get through the line, you have to add extra time that you wish you didn't have to to get from point a to point b. >> that will impact not only the stockholders, the employees, but also all of our customers. >> now, for the record, the faa will be furloughing 15,000 controllers. they have to take at least one day off every other week from now through the end of september. in our next update on "power lun lunch" we're going to talk to a spokesma
we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs....
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Apr 22, 2013
04/13
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FBC
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dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
dennis: the faa. melissa and lori investigate the agency backpedals on the so cluster cuts that are supposedly delaying flights. cheryl: sending his root growth. bernanke missing the big jackson hall meeting. that is coming up next. you are watching markets now. ♪ g. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to seah hundreds of cards and apply online. creditcards.com.
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Apr 19, 2013
04/13
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the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline stocks. it has been a great year. hope that doesn't get blown up by all of this. i'm going on vacation on sunday. that is when the furloughs are starting to kick in. i will be reporting angrily from the airport if you see me on monday, i'm not going to be happy. tracy:. tracy: ashley will be back on monday. you know how he gets when he talks about airlines and airline experiences. between the two of you will be good tv. jeff flock. >> thanks, trace. tracy: quarter past the hour. we have to get a check on these markets. as we do, lauren simonetti on the floor the exchange. we're lo
the faa has discretion to implement cuts without furloughing air traffic controllers. like customs department, tsa, they have not acted to minimize potential impacts. airlines are not happy about this at all. they mentioned the tsa. the tsa line, there the tsa will not furlough anybody. they come up with anybody for that to minimize the i am packs. they're disappointed airlines, are the administration is doing that. secretary lahood says we have to save money somehow. i leave you with airline...
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Apr 23, 2013
04/13
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that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to be law, i implemented, and ore -- over time, it was implemented and final action furloughed. that's a fact. now, you know, they put forward a plan to replace sequester and reduce deficits while making investments necessary to have the economy grow and create jobs, protect the middle class, and protect seen yours. the president is engaged in a process with lawmakers where he's trying to find commonground to see if commonground exists with republicans around the basic principle to reduce the budget in a balanced way, and he's put
that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to...
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Apr 23, 2013
04/13
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basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic controllers is going to be fixed is if congress rolls back the entire sequester. democrats seem to think this is the best leverage they have to get rid of the sequester altogeth altogether. >> using travelers and air traffic controllers and air safety as political leverage. we'll see how that works out, lisa myers. thank you so much. we greatly appreciate it. let's go to chuck todd right now, nbc news chief white house correspondent political director and host of the "daily rundown." chuck, do you think if a member of congress decides to put a bill on the floor that take
basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic...
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Apr 24, 2013
04/13
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the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and there's an argument whether or not the administration has structured these cuts to maximize delays. >> this imperial attitude on the part of the administration and you're the most recent of the imperialism is discussing. >> hardest thing to do is reduce these hours, but in order to hit the target, we need to hit, we don't have any choice. >> there's more than just cuts to the faa, and a short while ago saying there's frustration in the economic effects of the flight delays, but sequestering could cost the country and human kind a cure for aids, parkinson's or cancer referring to cuts in resea
the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and...
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Apr 24, 2013
04/13
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take a look at the faa budget. if the sqest goes through and stays in place the faa will have more money to spend in 2013 than what the president asked for in his budget submission. >> hold on. hold on. stop. because sometimes there are things that are said that need to be repeated. >> okay. >> i want you -- >> really? >> let's have three seconds of silence. then i want you to repeat that again. 1-2-3, go. >> yeah. if the sequester goes into effect and stays into effect and the savings are achieved, the faa, for this year, will have more money to spend than what the president asked for in his budget submission. i think that tells you all you need to know. >> pat, how many times have you and i heard people in the media and on both sides, depending on what committee they are on, screaming about massive spending cuts and how locust we are going to descend from the skies and eat flesh off of our bones? and we find out later that they have more money this year to spend than they had last year? >> but this is why they ar
take a look at the faa budget. if the sqest goes through and stays in place the faa will have more money to spend in 2013 than what the president asked for in his budget submission. >> hold on. hold on. stop. because sometimes there are things that are said that need to be repeated. >> okay. >> i want you -- >> really? >> let's have three seconds of silence. then i want you to repeat that again. 1-2-3, go. >> yeah. if the sequester goes into effect and stays...
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Apr 23, 2013
04/13
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the faa has cut 47,000 positions. that's approximately 10% of its staff. that's to trim $200 million from its budget. but some passengers are questioning at what cost these savings are coming and some in washington are echoing that same sentiment. >> it is a matter of basic common sense that saving the $50 million at stake here is not really saving at all. in fact, it's penny wise, pound foolish. it is long-term, a cost to the nation. >> and what he's talking about right there is this domino effect that people are concerned about. of course, they're worried about the airlines and their bottom line, but if business travelers and other domestic travelers decide that these inconveniences will keep them from their travel plans, then you can see that spill over into the rest of the u.s. economy, and that's really the greater concern right now. bill, back over you. >> it's hitting us where we live, that's for sure. jackie, thank you very much. we are heading towards the close. 30 minutes left in the trading day. and we're getting, we're moving higher here. the b
the faa has cut 47,000 positions. that's approximately 10% of its staff. that's to trim $200 million from its budget. but some passengers are questioning at what cost these savings are coming and some in washington are echoing that same sentiment. >> it is a matter of basic common sense that saving the $50 million at stake here is not really saving at all. in fact, it's penny wise, pound foolish. it is long-term, a cost to the nation. >> and what he's talking about right there is...
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Apr 22, 2013
04/13
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KRON
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it's closer to 2223 minutes. >> >> marco:k: now were seen some cuts and the faa. back across the travel delays. here's an update from sfo jackie? >> jackie: the good news is so far this morning san francisco international has not seen any problems in this all stems from as you said, the sequestered while the faa had to make cuts and basically what they done this together for 2000 controllers and put them on rotating for low which means there's a shortage of air traffic controllers at some airports across the country. yesterday we saw in new york city and specifically at lax were there were some delays as much as three hours. i did have a chance to talk with the airport spokesperson here as a fall. he talked about what those cuts could mean for as of all travelers. >> so far were not seen any effect as a result of the sequestered. that doesn't mean that we won't see any moving forward. it might not necessarily affect the local staff, but if there's another airport that does have staffing issues or congestion issues, the potential is there that we could experience d
it's closer to 2223 minutes. >> >> marco:k: now were seen some cuts and the faa. back across the travel delays. here's an update from sfo jackie? >> jackie: the good news is so far this morning san francisco international has not seen any problems in this all stems from as you said, the sequestered while the faa had to make cuts and basically what they done this together for 2000 controllers and put them on rotating for low which means there's a shortage of air traffic...
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Apr 23, 2013
04/13
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ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days in a row with up
ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole...
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124
Apr 23, 2013
04/13
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FOXNEWSW
tv
eye 124
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nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ just seem to fade away...? now start vibrant, stay vibrant! new vidal sassoon pro series has an exclusive hydrablock system that helps fight fade out -- for up to 8 weeks. vidal sassoon pro series. salon genius. affordable for all.
nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain......
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104
Apr 22, 2013
04/13
by
CSPAN2
tv
eye 104
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we advocate, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are test
we advocate, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the...
544
544
Apr 24, 2013
04/13
by
CNBC
tv
eye 544
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even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date, great earnings, but the time to buy is when they were grounded for the batteries, not when they're about to get back in the air. so we are seeing right now a bigger short interest come into this name here. we're seeing potential, you know, the lag, the way sequestration works, bill, you're going to see a lag. this could be a situation as we go into summer and fall, sequestration hits us. but we like this company on a pullback. it's based in chicago, i'm a big fan of boeing, but way too expensive here. >> jeff, why don't you hop on a plane back to chicago with all of that. >>
even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date,...
105
105
Apr 23, 2013
04/13
by
KTVU
tv
eye 105
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the ntsb wants to know out prob -- how problems with the batteries went unnoticed by the faa and boeing inspectors during test flights. the problem grounded the jets three months ago. the faa approved a redesigned battery system and this week boeing is install the batteries and dreamliners that happen in operation around the world. small knives are still banned on planes. the tsa reversed its decision to start allowing small knives on board passenger planes. that would have happened this thursday. tsa is now saying it needs more time to reveal all of the public feedback on the decision. unions for flight attendants and pilots loudly protested against the change. many passengers say they really never liked the idea of allowing planes on -- knives on planes. >>> 8:19. some bay area schools are seeing a rise in bomb threats. now, just yesterday, a student at san francisco state found a suspicious package in a music and theater building. inside the package, a note saying a bomb was about to go off. now, police investigated the building, their search proved that threat was a hoax. >> it made
the ntsb wants to know out prob -- how problems with the batteries went unnoticed by the faa and boeing inspectors during test flights. the problem grounded the jets three months ago. the faa approved a redesigned battery system and this week boeing is install the batteries and dreamliners that happen in operation around the world. small knives are still banned on planes. the tsa reversed its decision to start allowing small knives on board passenger planes. that would have happened this...
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202
Apr 19, 2013
04/13
by
CNBC
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eye 202
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we know that the faa has established a no-fly zone over watertown, massachusetts. amtrak has been suspended indefinitely from new york to boston. let's get to scott cohn. he's been in boston since the attacks. what's happening where you are, scott? >> i'm also in watertown, maria, and for much of the day, really for all of the day, we were on mt. auburn avenue, which is where the chase went down overnight. we've moved more for transmission issues than anything else, it's not that the situation has changed appreciably, but i've had a little different vantage point of the same things that bill was talking about. and it took us a while to figure out what was going on. but it seems pretty clear, they were just, as they said, they were going house to house. and it looked like they were sort of going sector to sector to sector. there would be an aerial reconnaissance above, sometimes there were military helicopters accompanying them as well. and then you would see lines of yu uniformed police officers and also s.w.a.t. officers going door to door, with guns, not necessar
we know that the faa has established a no-fly zone over watertown, massachusetts. amtrak has been suspended indefinitely from new york to boston. let's get to scott cohn. he's been in boston since the attacks. what's happening where you are, scott? >> i'm also in watertown, maria, and for much of the day, really for all of the day, we were on mt. auburn avenue, which is where the chase went down overnight. we've moved more for transmission issues than anything else, it's not that the...
673
673
Apr 22, 2013
04/13
by
KNTV
tv
eye 673
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faa warning in some cases passengers could see delays up to 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress in order try and save more than $600 million. we'll have a look at your local weather and traffic right after this break. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. >>> current temperatures already showing numbers closing in on 80 around livermore, fairfield. some of the warmer places we'll see. slight offshore breeze. we should see the sea breeze kick in later this afternoon. but in the meantime upper 80s to low 90s for valley temperatures, 70s closer to san francisco. cooler temperatures start to arrive tomorrow. more noticeable cooling as the sea breeze really cranks up by wednesday. mike. >> ki
faa warning in some cases passengers could see delays up to 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress in order try and save more than $600 million. we'll have a look at your local weather and traffic right after this break. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would...
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93
Apr 19, 2013
04/13
by
FBC
tv
eye 93
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the faa, the federal aviation administration issued a temporary file restriction over a section of the boston area to provide a safer environment for law enforcement activities. logan airport remains open under heightened security. most flights departing and arriving on schedule. greyhound bus service has been suspended. dagen: thank you so much. it is not just boston. this will be felt in the northeast. thank you so much. connell: a briefing any moment from local authorities. you will see it live. you will keep you up-to-date as we have been on what is happening in the markets throughout the day. mike baker joins us on the telephone right now. former cia covert operations officer and president these days of his own intelligence firm that he is a part of. one suspected terrorists has been killed. another is still at large just outside of the big american city. what stands out to you? >> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. right now obviously there is a major effort not just ri
the faa, the federal aviation administration issued a temporary file restriction over a section of the boston area to provide a safer environment for law enforcement activities. logan airport remains open under heightened security. most flights departing and arriving on schedule. greyhound bus service has been suspended. dagen: thank you so much. it is not just boston. this will be felt in the northeast. thank you so much. connell: a briefing any moment from local authorities. you will see it...
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218
Apr 22, 2013
04/13
by
KRON
tv
eye 218
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the faa approved friday a boeing plant to encase the 787 of lithium ion batteries in a steel box. install new battery chargers and add a duct to vent gases directly outside the aircraft that could cause overheating. we have a look at the golden gate bridge preconceived their ride on was found 80. moving well no problems out there in relatively clear as you look above the skies. are going to have air with another update on the forecast coming up at 545. today expect to be the hottest day of the week. full details street ahead. look at them kids. [ sigh ] they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! trevor, have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices with u-verse high speed internet. rethink possible. is more fun than ever. sees better than ever. ♪ charges fa
the faa approved friday a boeing plant to encase the 787 of lithium ion batteries in a steel box. install new battery chargers and add a duct to vent gases directly outside the aircraft that could cause overheating. we have a look at the golden gate bridge preconceived their ride on was found 80. moving well no problems out there in relatively clear as you look above the skies. are going to have air with another update on the forecast coming up at 545. today expect to be the hottest day of the...
543
543
Apr 24, 2013
04/13
by
KNTV
tv
eye 543
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the pilot comes on and says, if you've got a problem, call the faa. the faa says, don't talk to us, talk to congress who put the sequester in place. >> the pilots got on and said, it's not the airline's fault, we're sorry you're waiting here on the runway, but you can go online and find a petition to end the furloughs. >> what happens now with the fines, you know, if you're on a tarmac, if you're on a plane stuck for more -- >> that's a good point. >> are the airlines responsible for that? >> the airlines are saying no -- >> are they going to try to get a waiver? >> they're saying they're not responsible, it's an air traffic control situation, because of the furloughs, they're not able to manpower all of the air traffic control posts. so, you know, therefore, we all end up suffering. and thairi think they're passin blame around. >> one third of laguardia flights were delayed. >> 20% delayed at reagan national in newark and philly. these are central hubs, so there's a ripple effect at any of these airports. there's been the blame game, back and forth i
the pilot comes on and says, if you've got a problem, call the faa. the faa says, don't talk to us, talk to congress who put the sequester in place. >> the pilots got on and said, it's not the airline's fault, we're sorry you're waiting here on the runway, but you can go online and find a petition to end the furloughs. >> what happens now with the fines, you know, if you're on a tarmac, if you're on a plane stuck for more -- >> that's a good point. >> are the airlines...
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128
Apr 24, 2013
04/13
by
CNBC
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eye 128
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remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is really the engine that's powering these guys right now. think about this, kelly. we expect them for the first quarter to report a profit in north america of greater than $2.7 billion. that would easily be the most profitable first quarter ever for the company probably with a profit margin of close to or if not past 12%. that is the area that when he first took over said we need to get profit margins up north of 10%. they're doing that in north america. the issue remains what's going on in europe and how quickly they are coming along and restructuring it. >> the german automaker saying first quar
remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is...
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166
Apr 22, 2013
04/13
by
CNBC
tv
eye 166
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also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
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87
Apr 18, 2013
04/13
by
FBC
tv
eye 87
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reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i can't say we stay in new jersey. liz: good to be with you. this stories in memphis, tenn. dozen irs workers wrongfully charged, being charged with illegally taking government benefits. jobless benefits, food stamps, housing vouchers, welfare, we got a statement from the u.s. attorney on this. iris employees brazenly stealing from law-abiding taxpayers. in the district attorney saying they are freeloaders, doubly frustrated because they are bilking the government money and they know how to work the system being inside the system. we expect better from an irs agents. this is what the story has national
reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i...
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163
Apr 24, 2013
04/13
by
CNNW
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eye 163
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but the faa warns hart fields jackson, los angeles international, chicago o'hare will also experience longer delays because of the furloughs. it is, you know, your -- >> it affects the bottom line. >> your elected officials at work. now you're going to feel it, pack your patience. >> yep. >> pack your patience at the airport. >> thank you very much, christine. 24 minutes past the hour. proud milestone for the city of boston this morning. just nine days after the marathon bombing boylston street is reopening the public we are happy to report. and we are going to take you there live. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actually use, you never miss the fun. beard growing contest and go! ♪ i win! what's in your wallet? but with advair, i'm breathing better. so now i can help make thi
but the faa warns hart fields jackson, los angeles international, chicago o'hare will also experience longer delays because of the furloughs. it is, you know, your -- >> it affects the bottom line. >> your elected officials at work. now you're going to feel it, pack your patience. >> yep. >> pack your patience at the airport. >> thank you very much, christine. 24 minutes past the hour. proud milestone for the city of boston this morning. just nine days after the...
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1.9K
Apr 24, 2013
04/13
by
KGO
tv
eye 1,914
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furloughs by the faa are the result of automatic, federal spending cuts imposed by the sequester. the fight over blame for it now in the senate. last night it was on the floor. democrat harry reid proposed to suspend the sequester and it was met with sharp opposition. >> we have created a situation where we are going to discomfort and inconvenience hundreds of thousands of american people on a political point because we can't cut any spending in washington. >> several senators are urging the obama administration to put off to furlough to give all sides to find other ways to handle the spending cus. >>> police in beverly hills looking for a driver behind a violent cage of road rage all captured on camera. the driver in a white bmw chased a man on the bicycle into an alley. rammed into him, and pinned him to a metal garbage bin. peels out in reverse with the cyclist still hanging on to the car. then speeds away. there it is again. ouch. police say the driver is going to face serious charges if and when he is caught. >> there was a small dispute, verbal argument initially. and then t
furloughs by the faa are the result of automatic, federal spending cuts imposed by the sequester. the fight over blame for it now in the senate. last night it was on the floor. democrat harry reid proposed to suspend the sequester and it was met with sharp opposition. >> we have created a situation where we are going to discomfort and inconvenience hundreds of thousands of american people on a political point because we can't cut any spending in washington. >> several senators are...
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195
Apr 24, 2013
04/13
by
CNBC
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eye 195
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. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service. >> everyone doubted them just like novak. people should stop doubting good ceos that know how to deliver. >> we will get six in 60 after a break. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific acti
. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service....